Case Study: Cardiovascular Consultants Medical Group improves revenue cycle performance with Veradigm TouchWorks EHR and Revenue Cycle Services

Better revenue cycle management recaptures lost income

Cardiovascular Consultants Medical Group, an independent cardiology practice, was facing challenges with rising costs, declining reimbursements, and evolving government standards. Their previous EHR implementation had failed, and an in-house billing process was causing them to miss charges. They turned to Veradigm, implementing their Allscripts TouchWorks EHR and Allscripts Revenue Cycle Services to address these issues.

By implementing Veradigm's solutions, the practice streamlined its revenue cycle management and electronic charge capture. This allowed them to post charges within 24 hours and identify missing revenue. As a result, the practice increased payments by 5% and reduced its accounts receivable time by 28%, from 50 days to 36 days, within the first six months. Veradigm's tools also enabled the practice to successfully attest to government incentive programs, reducing administrative burden.

Cardiovascular Consultants Medical Group

Kelli Nicholas

Practice Administrator